FNB cuts fees

First National Bank (FNB) Namibia has committed itself to providing the best value to its customers through reduced banking fees and increased opportunities to earn rewards. The bank said in a statement released on Monday as of 01 July 2019, its customers could look forward to a 40 per cent reduction in transfer fees. Customers…

Agra Limited staff join fight against drought

Agra staff members have joined the fight against the drought by donating an amount of N$100 000 to the Dare to Care Fund. Agra staff from all corners of the country, decided to collectively raise funds by contributing a share of their salaries to assist in alleviating the plight of drought-stricken farmers. “Agriculture is the…

Standard Bank commits to local economic growth

Standard Bank has signed off on an agreement to participate in the largest commercial transactional deal this year to enable Debmarine Namibia to acquire a mining vessel which will boost diamond recovery operations. The vessel will be used for marine diamond recovery operations off the southern coast of Namibia, in the Atlantic 1 mining licence…

MTC launches internship programme

Mobile Telecommunications Limited (MTC) in partnership with 22 private and public sector entities have committed to providing internship opportunities to 161 students for the 2019/20 financial year. This was revealed by MTC Chairperson, Elvis Nashilongo, at the launch of the MTC Namibia National Internship Programme in the capital on Monday. Nashilongo said the three-month internship…

Eos Capital acquires majority shares of Avbob Namibia

Eos Capital has acquired the majority of the ordinary share capital of Avbob Namibia Holdings from the Avbob Mutual Insurance Society in South Africa. The transaction is pending approval from the Namibian Competition Commission, Eos Capital announced in a media statement issued on Wednesday. Through its N.dollars 460 million Allegrow Fund, Eos Capital will inject…

FNB launches new cash migration channels

First National Bank (FNB) Namibia on Tuesday launched three new cash migration channels, aimed at offering holistic financial solutions for its customers. The bank announced that through their new cash migration channels, namely; Cash at Till, Ewallet at Till, and CashPlus, they will continue to reach important milestones in their digital migration journey. A first…